Corning Credit Union Announces 2017 Results
January 26, 2018
Corning Credit Union reported continued growth through the fourth quarter of 2017, with increases in loans, deposits, and net worth.
Total loans reached $1.08 billion by the end of the year, representing a 14.7% increase since December 2016. Total deposits grew by 3.2%, ending the quarter at $1.19 billion. In addition, the Credit Union added a record $11.5 million in earnings in 2017, bringing total net worth to $127.6 million.
"We are deeply grateful for the trust and support of our members that led to our 38
consecutive year of growth and profitability in 2017," said Gary Grinnell, President and CEO.